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Comment on ‘Monetary Policy Co-ordination in an Asymmetrical World: Future Prospects for the USA and Europe’ by Elias Karakitsos

  • Hans-Eckart Scharrer
Chapter
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Abstract

Elias Karakitsos has written a rich and stimulating chapter which in view of many of the properties underlying his model — among them the non-linearity, the representation of Europe by four countries (Germany, France, UK and Italy) rather than by one country only and the five-years time horizon — helps to improve our knowledge about the gains from macroeconomic policy co-ordination and their international distribution.

Keywords

Exchange Rate Interest Rate Welfare Gain Welfare Cost International Distribution 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Reference

  1. Frankel, Jeffrey A. and Katherine Rockett (1988) ‘International Macroeconomic Policy Coordination when Policymakers do not agree on the true Model’, American Economic Review, vol. 78, June, pp. 318–40.Google Scholar

Copyright information

© Stephen F. Frowen 1993

Authors and Affiliations

  • Hans-Eckart Scharrer

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